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Twitter CEO says Elon Musk won't join company's board of directors after all

Elon Musk Twitter Inc. Parag Agrawal

Elon Musk "has decided not to join" Twitter's board of directors, the social media company's CEO Parag Agrawal said late Sunday — days after it announced he would take a board seat.

Driving the news: Agrawal said in a memo shared to Twitter that Musk's appointment to the board was to become officially effective on Saturday. "Elon shared that same morning that he will no longer be joining the board. I believe this is for the best," he added.

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